Neighborhoods
Average Rent in the West Loop Chicago
West Loop Average Rent Prices
Like most neighborhoods, the West Loop’s rents vary from one building to another. There are many housing types — not to mention different unit sizes and features — and they all have varying prices.
Here is a range of average rent in the West Loop Chicago.
Studio
$2,300
1-Bedroom
$2,800
2-Bedroom
$3,800
3-Bedroom
$5,500
How Average Rent in the West Loop Compares to the Rest of Downtown Chicago
| Neighborhood | Average Rent 1-Bedroom | Average Rent 2-Bedroom |
| The Loop | $2,400 | $3,500 |
| River North | $3,000 | $4,200 |
| South Loop | $2,200 | $3,100 |
| Streeterville | $2,900 | $4,000 |
| West Loop | $2,800 | $3,800 |
Best Time to Look for Apartments
Timing can significantly impact your rental experience in downtown Chicago.
Generally, the best time to look for an apartment is during the off-peak season, which is from November to February. During these months, demand tends to be lower, leading to potentially lower rent prices and more negotiating power for tenants. Conversely, the peak rental season in Chicago is from May to September, when demand is high due to recent graduates moving to the city and families looking to relocate during the summer.
| Month | Rent Price Trend | Demand Level |
| January | Lower | Low |
| February | Lower | Low |
| March | Moderate | Moderate |
| April | Moderate | High |
| May | Higher | High |
| June | Higher | High |
| July | Higher | High |
| August | Higher | Very High |
FAQs Renting in Downtown Chicago
How much does it cost to rent an apartment in downtown Chicago?
The cost of renting in downtown Chicago varies widely depending on the neighborhood and type of apartment. On average, you can expect to pay between $2,200 and $3,000 for a one-bedroom apartment.
What is the average size of an apartment in downtown Chicago?
The average size of a one-bedroom apartment in downtown Chicago is around 750 square feet. However, this can vary significantly depending on the building and neighborhood.
Are utilities typically included in the rent?
Utilities are often not included in the rent, but are typically bundled in one package by the building. Utilities can cost an additional $100 to $300 per month, depending on the size of the apartment and usage.
What amenities are commonly available in downtown Chicago apartments?
Many downtown apartments offer amenities such as fitness centers, rooftop decks, doormen, and pet-friendly options. Luxury apartments may include additional perks like concierge services, swimming pools, and private parking.
One visit to the West Loop is all it takes to see that this area has a lot to offer.
If you’re thinking of moving here, check out our current list of West Loop apartment rentals, and find the right one for you!
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